Buy SKNL with target of about 31: CK Narayan

In a chat with ET Now, CK Narayan, Growth Avenues Asset Advisors shares his views on SKNL.

ET Now: What is the call on SKNL?

CK Narayan: S Kumars Synfabs is currently priced somewhere around around 28 levels. So buy it in the region of 27.5-28. The reason for buying this is that last 2 days when the market really tanked, the stock has shown a willingness to meet with buyers at lower levels and it is trading up a bit today.

So it seems that there is some bit of interested buying at the current levels. The stop loss is pretty near, keep it about maybe 25 to 26 and then look for a target of about 31.